Bought with Jonathan Rawson • Avenue Realty Group
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Key Details
Sold Price $1,300,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,843 sqft
Price per Sqft $338
MLS Listing ID CRSB24038244
Sold Date 10/23/24
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1948
Lot Size 6,750 Sqft
Property Description
Major price revision & updated lending packages! 5 unit apartment building in Hawthorne. Surging rental pocket commanding top rents. In Proximity To SpaceX, Major Local/National Employers, Common Space and Los Angeles Ale Works, & Several New and Exciting Commercial Development Projects. The property layout is (1) 2 bed/1 bath front attached house, (3) 1 bed/1 bath units, and (1) 2 bed/1 bath unit. 4 of 5 units have been nicely rehabbed. Newer roof and master water heater. Copper plumbing throughout. Upgraded electrical panels, new exterior lighting and seismic shut-off valves. Dedicated carport parking for each unit & laundry room. Strong day 1 cash flow with additional rental upside: 5.30% Cap Rate, 6.02% Proforma. Well located just east of Prairie between Jack Northrop Avenue & West El Segundo Boulevard. Access to the 105 and 405 Freeways.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Laundry Room, See Remarks
Building
Water Public
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